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Chairman Crowley Statement on President Trump’s Nomination of Jerome H. Powell as Chair of the Federal Reserve

November 2, 2017

(Washington, D.C.) – House Democratic Caucus Chairman Joe Crowley (D-NY) issued the following statement after President Trump nominated Jerome H. Powell as the next chair of the Federal Reserve:

“The chair of Federal Reserve plays a vital role in our economy, serving as a major regulator of our nation’s financial institutions. Given this immense responsibility, is imperative that the Senate reviews Mr. Powell’s background and vision for the country. The next chair must prevent a return to the days where banks operated without regulation, which caused the worst recession in a century. As we review Mr. Powell’s record, we must ensure that our next Federal Reserve chair is committed to providing a strong and stable economic system that puts America’s hard-working families first.”